Ho Thi Kim Thoa dismissed from Party position at industry ministry

At a meeting chaired by Party General Secretary Nguyen Phu Trong on August 8, the Secretariat also proposed the Prime Minister dismiss Thoa from the post of Deputy Minister of Industry and Trade.

It made the decision after considering the proposal of the Party Central Committee’s Inspection Commission and opinions of relevant agencies.

Earlier, the Inspection Commission issued a warning against Thoa for “serious violations” while she was working at the Dien Quang company. It also proposed Thoa be stripped of all current positions.

The commission said that while serving as Secretary of the Party Committee and Director of former State-owned Dien Quang Lamp Company, and then Secretary of the Party Committee, Chairwoman of the Board of Directors and General Director of the Dien Quang Lamp Joint Stock Company, from January 2004 to May 2010, Thoa violated regulations and procedures on business equitisation, and wrongly handled the loan interest worth VND6.7 billion (US$298,000) exempted by banks.

She infringed State regulations on land management when the company signed a contract with another company to invest in the land area at No 12, Ton Dan Street in HCM City. She also failed to properly handle the VND30 billion (US$1.3 million) collected from the transfer of the right of the land area’s use.

Thoa bought more shares than the permissible level and her transfer of shares also violated the company’s regulations.